Trade Operations Associate - Middle Office

ABOUT VERITION

Verition Fund Management is a global multi-strategy hedge fund with expertise across equity, fixed income, and derivatives markets. Our operations team spans offices across the US, EMEA, and Asia, supporting a broad range of investment strategies across global markets.

ROLE OVERVIEW

Verition is seeking a motivated Trade Operations Associate to join its Middle Office team. This individual will provide middle office services in a fast-paced environment, communicating with portfolio managers, traders, brokers, and other stakeholders to confirm and settle trades on time while completing daily deliverables and other trading and operational tasks.

KEY RESPONSIBILITIES

• Work closely with Trading, Fund Accounting, Technology, and Risk teams in managing all trade lifecycle events for an array of asset classes including equity products, TRS, exchange traded derivatives, OTC derivatives, FX, and fixed income products.
• Assist with trade bookings, processing life cycle events, support on P&L inquiries, and daily reconciliations.
• Process trade allocations, affirmations, settlements, options exercise/assignments, and related tasks.
• Monitor mandatory corporate action events and liaise with multiple PMs and PBs on voluntary elections.
• Perform processes related to corporate actions for equity and fixed income products.
• Advise MO/Valuations/Cash Rec teams on system level and/or PB level corporate action breaks.
• Monitor third-party platforms like prime broker portals and administrator systems for trade management.
• Work with the Reconciliation and Control teams to ensure the accuracy of internal books and records.
• Identify process gaps and work with internal and external resources to create detailed requirements to solve issues.
• Grasp big-picture objectives to help senior management streamline workflows and minimize operational risk.
• Develop and maintain strong working relationships with both internal and external stakeholders.
• Perform adequate due diligence to resolve daily issues in a timely manner, avoiding financial or reputational impact.
• Maintain up-to-date knowledge of industry best practices to further develop effective operational policies and procedures.
• Perform other duties as requested by senior management.

QUALIFICATIONS

• Undergraduate degree; preferably with a concentration in finance, economics, or a related discipline.
• 3+ years of relevant work experience.
• General knowledge of and familiarity with financial instruments (i.e. equities, fixed income, options, swaps, futures, foreign exchange) within both domestic and global securities markets.
• In-depth knowledge of interest rate swaps, swaptions, and exchange traded derivatives highly preferred.
• Familiarity with fixed income and futures delivery processing.
• Systems experience with Traiana, OSTTRA, Trax, Orchestrade, Geneva, and Bloomberg beneficial.
• Self-starter with excellent analytical and problem-solving skills.
• Strong attention to detail.
• Ability to efficiently prioritize daily processes, ad-hoc requests, and any issues escalated by internal and external parties.
• Intermediate or higher Excel proficiency.
• Ability to communicate professionally and effectively with both internal and external stakeholders.
• High level of computer literacy and capability to learn new systems quickly.
• Ability to work both independently and within a team.